Baker Hughes has posted a bigger quarterly loss caused by impairment charges.
The company said net loss attributable to the company widened to $429million in the third quarter of this year from $159million.
The oilfield services firm recorded after-tax charges of $365million relate to asset impairments, restructuring, litigation settlements and goodwill impairment.
Revenue fell by 37.8% to $2.35billion.
Earlier this month Energy Voice exclusively revealed the company was looking to close at least one of its North Sea onshore premises while consolidating the rest.
In May, Baker Hughes and Halliburton ended their deal to merge due to opposition from both the US and European antitrust regulators.